Toronto Office Space For Lease a 2013 Overview
April 8, 2013
The recent release of Toronto Office Space leasing information by GTA Commercial Realtors shows a reason for optimism in the market. That includes goods news for those in the search for Toronto office space for lease or rent
Within Toronto – particularly in the Downtown core, but also in the Financial District, Central Business District, Midtown, East, North West and Suburban area, rents were stabilizing and even slightly increasing as demand grew thanks to a cautiously optimistic economic outlook. Typically key streets such as Yonge, Bay, Bloor, Richmond, Adelaide, Queen or Richmond attract a large amount of Toronto office space leasing or rent activity.
While the report didn’t specify the specific types of buildings; A Class, Triple A, Bank Tower, B Class, loft or suite etc, 4,547,945 square feet of Toronto office space was leased in the first quarter of 2013.
North of the city, the Highway 404 and 407 corridor in Markham has had a steady level of Toronto office space for lease, for rent or for sale.
In the Toronto real estate market there are familiar names in the landlords/developer sector. Dundee Realty, Oxford Properties, Brokkfield Properties, Cadillac Fairview, Crown Property Management, Allied Properties REIT, H&R REIT and RioCan REIT are proven and known names when it comes to developing, building and/or managing office space for lease or sale in Toronto.